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Economy of Russia vs Slovenia compared: GDP & Debt

Updated on by Georank team

Russia has a GDP of $2.17T compared to $73B for Slovenia, ranking 11/197 and 86/197 by economy size, respectively.

Russia has $440B in government debt (20.3% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Russia vs Slovenia GDP by year

Russia
Slovenia
1x
Year GDP, current $
Russia Slovenia
2024 $2,173,835,806,672 $72,972,015,197
2023 $2,071,505,725,031 $69,255,264,238
2022 $2,291,612,121,335 $59,899,117,741
2021 $1,829,186,719,575 $61,540,813,362
2020 $1,493,075,894,362 $53,384,760,135
2019 $1,693,115,002,708 $53,909,922,736
2018 $1,657,328,773,461 $53,689,067,640
2017 $1,574,199,360,089 $48,153,200,135
2016 $1,276,786,350,881 $44,290,685,824
2015 $1,363,482,182,198 $42,709,468,275
2014 $2,059,241,589,895 $49,514,466,380
2013 $2,292,470,078,346 $47,867,056,859
2012 $2,208,293,553,878 $46,167,053,954
2011 $2,045,922,753,398 $51,199,194,599
2010 $1,524,916,715,224 $47,793,117,241
2009 $1,222,645,900,056 $49,975,540,955
2008 $1,660,848,058,303 $55,509,332,322
2007 $1,299,703,478,482 $47,880,266,543
2006 $989,932,071,353 $39,260,368,837
2005 $764,015,973,481 $35,947,936,824
2004 $591,016,690,732 $34,156,553,313
2003 $430,347,420,185 $29,360,575,032
2002 $345,470,494,418 $23,214,593,516
2001 $306,602,070,621 $20,668,868,707
2000 $259,710,142,197 $20,159,190,702
1999 $195,907,128,351 $22,609,669,084
1998 $270,955,486,862 $22,058,635,314
1997 $404,928,954,192 $20,726,878,752
1996 $391,724,890,744 $21,470,699,363
1995 $395,537,185,735 $21,367,422,159
1994 $395,077,301,248 $16,400,767,070
1993 $435,083,713,851 $14,449,298,372
1992 $460,290,556,901 $14,277,261,541
1991 $517,962,962,963 $14,454,495,059
1990 $517,014,446,228 $19,832,029,087
1989 $506,631,299,735 -
1988 $554,828,660,436 -

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

GeoRank.org/economy/russia/slovenia | CC BY

GDP per capita in Russia vs Slovenia by year

Russia
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Russia Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $15,145 $47,405 $34,301 $57,186
2023 $14,403 $44,269 $32,660 $56,064
2022 $15,888 $40,939 $28,360 $52,347
2021 $12,637 $38,638 $29,193 $45,914
2020 $10,280 $31,491 $25,392 $41,767
2019 $11,640 $30,964 $25,814 $42,373
2018 $11,399 $28,629 $25,888 $38,620
2017 $10,835 $25,778 $23,303 $36,180
2016 $8,804 $24,012 $21,448 $33,575
2015 $9,427 $23,994 $20,697 $31,336
2014 $14,277 $25,688 $24,013 $30,572
2013 $15,941 $26,020 $23,237 $29,634
2012 $15,402 $24,274 $22,442 $28,787
2011 $14,305 $22,790 $24,941 $28,716
2010 $10,675 $20,490 $23,330 $27,579
2009 $8,563 $19,390 $24,502 $27,229
2008 $11,635 $20,164 $27,462 $29,461
2007 $9,101 $16,648 $23,725 $27,468
2006 $6,920 $14,912 $19,563 $25,571
2005 $5,323 $11,822 $17,970 $23,682
2004 $4,102 $10,227 $17,104 $22,588
2003 $2,975 $9,255 $14,712 $20,916
2002 $2,378 $8,037 $11,639 $20,004
2001 $2,100 $7,361 $10,376 $18,763
2000 $1,772 $6,825 $10,136 $17,892
1999 $1,331 $5,914 $11,401 $17,007
1998 $1,835 $5,465 $11,132 $15,994
1997 $2,738 $5,700 $10,437 $15,257
1996 $2,644 $5,518 $10,797 $14,284
1995 $2,666 $5,613 $10,738 $13,637
1994 $2,662 $5,734 $8,244 $13,975
1993 $2,931 $6,420 $7,255 $12,976
1992 $3,099 $6,862 $7,151 $12,296
1991 $3,490 $7,858 $7,229 $12,698
1990 $3,494 $8,028 $9,925 $13,491
1989 $3,430 - - -
1988 $3,778 - - -

Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).

GeoRank.org/economy/russia/slovenia | CC BY

Russia's GDP per capita is $15,145, ranking 68/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Russia ranks 50th at $47,405, while Slovenia ranks 37th at $57,186.

Economic indicators

Russia Slovenia
Gross domestic product
$2.17T
2024
$73B
2024
GDP rank
11/197
2024
86/197
2024
GDP growth
4.34%
2023-2024
1.73%
2023-2024
GDP per capita
$15,145
2024
$34,301
2024
GDP per capita rank
68/197
2024
34/197
2024
GDP per capita, PPP
$47,405
2024
$57,186
2024
GDP per capita PPP rank
50/197
2024
37/197
2024
Government debt
$440B
2024
$48.6B
2024
Debt-to-GDP ratio
20.3%
2024
66.6%
2024
Government debt per person
$3,067
2024
$22,842
2024
Government debt per person rank
98/185
2024
29/185
2024
Average annual personal income after taxes
$10,464
2026
$22,215
2026
Market capitalization of domestic companies
$650B
2023
$11.4B
2024
Number of millionaires
426,000
2025
n/a
Number of billionaires
140
2025
n/a
Income share by richest 10%
25.1%
2023
20.6%
2023
Income share by poorest 10%
3.1%
2023
4.1%
2023
Government expenditure, % of GDP
36.9%
2024
46.5%
2024
Consumer prices inflation
8.4%
2023-2024
1.97%
2023-2024
Central bank interest rate
16%
2025
n/a
Unemployment rate
2.43%
2024
3.7%
2024
Population
141906741
2124138

Spending and national debt comparison by year

Russia
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Russia Slovenia
Government spending Government debt Government spending Government debt
2024 36.9% 20.3% 46.5% 66.6%
2023 35.7% 19.5% 46.4% 68.3%
2022 35.2% 18.5% 47.7% 72.8%
2021 34.9% 16.5% 49.9% 74.8%
2020 39.2% 19.2% 51.8% 80.2%
2019 33.8% 13.7% 43.8% 66%
2018 32.6% 13.6% 44.1% 71%
2017 34.8% 14.3% 44.6% 74.9%
2016 36.6% 14.8% 46.9% 79.4%
2015 35.3% 15.3% 49.5% 83.4%
2014 34.9% 15.1% 50.6% 81.1%
2013 34.7% 12.3% 57.7% 70.8%
2012 34% 11.2% 50% 54.1%
2011 33.3% 10.3% 51.4% 46.8%
2010 35.5% 10.1% 50.7% 38.6%
2009 38.6% 9.92% 50% 34.9%
2008 32% 7.45% 45.2% 21.9%
2007 31.9% 8.03% 43.5% 22.9%
2006 29% 9.8% 45.7% 26.2%
2005 29.5% 14.9% 46.7% 26.6%
2004 29.6% 20.8% 46.9% 27.1%
2003 32.6% 28.3% 47.6% 27%
2002 33.8% 37.6% 47.8% 27.7%
2001 31.5% 44.4% 49.2% 26.3%
2000 30.7% 55.9% 47.8% 26.1%
1999 34.3% 92.4% 47.2% 23.8%
1998 39.7% 135.2% 46.4% 22.8%
1997 - 51.5% 45.4% 22.1%
1996 - 51.9% 45.2% 21.6%
1995 - 53.7% 53% 18.2%
1994 - 63.5% - -
1993 - 92.4% - -
1992 - 116% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-02-20).

GeoRank.org/economy/russia/slovenia | CC BY

In 2024, Russia's government spending was $802B, accounting for 36.9% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 20.3% in Russia and 66.6% in Slovenia, ranking 175/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Russia

Slovenia
1x
Year Deficit/surplus, % of GDP
Russia Slovenia
2024 -1.6% -0.93%
2023 -2.22% -2.59%
2022 -1.34% -3.02%
2021 0.78% -4.61%
2020 -3.99% -7.68%
2019 1.93% 0.68%
2018 2.92% 0.9%
2017 -1.47% 0.05%
2016 -3.67% -2%
2015 -3.39% -2.84%
2014 -1.07% -4.53%
2013 -1.16% -11.2%
2012 0.38% -4.2%
2011 1.43% -6.69%
2010 -3.19% -5.56%
2009 -5.89% -5.87%
2008 4.55% -1.44%
2007 5.59% -0.08%
2006 7.8% -1.26%
2005 7.6% -1.38%
2004 4.57% -1.98%
2003 1.35% -2.66%
2002 0.67% -2.47%
2001 2.99% -4.58%
2000 3.11% -3.77%
1999 -3.59% -3.04%
1998 -7.42% -2.39%
1997 - -2.37%
1996 - -1.16%
1995 - -8.19%
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 0.15% -
1939 0.12% -
1938 0.16% -
1937 0.12% -
1936 0.1% -
1935 0.07% -
1934 0.25% -
1933 0.58% -
1932 0.06% -
1931 -1.12% -
1930 -1.62% -
1929 -0.4% -
1928 -0.4% -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 0.69% -
1911 1.26% -
1910 1.52% -
1909 -0.15% -
1908 -0.83% -
1907 -0.86% -
1906 -3.19% -
1905 -7.72% -
1904 -5.13% -
1903 1.04% -
1902 -1.57% -
1901 0.14% -
1900 -0.36% -
1899 0.66% -
1898 0.03% -
1897 0.34% -
1896 1.3% -
1895 0.7% -
1894 1.43% -
1893 0.63% -
1892 -1.16% -
1891 -0.97% -
1890 0.01% -
1889 1.34% -
1888 0.88% -
1887 0.14% -
1886 -0.84% -
1885 -0.75% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-02-20).

GeoRank.org/economy/russia/slovenia | CC BY

In 2024, Russia's government deficit, the difference between spending and revenue, was $34.9B, equivalent to 1.6% of GDP. This compares to Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 27 years, Russia recorded a fiscal deficit in 13 of those years, while Slovenia ran a deficit in 24 years. On average, Russia posted an annual surplus equal to 0.21% of GDP, compared to deficit of 3.15% of GDP for Slovenia.

Inflation comparison by year

Inflation
Russia

Slovenia
1x
Year Consumer prices inflation
Russia Slovenia
2024 8.4% 1.97%
2023 5.9% 7.45%
2022 13.7% 8.83%
2021 6.7% 1.92%
2020 3.4% -0.05%
2019 4.5% 1.63%
2018 2.9% 1.74%
2017 3.7% 1.43%
2016 7% -0.05%
2015 15.5% -0.53%
2014 7.8% 0.2%
2013 6.8% 1.77%
2012 5.1% 2.6%
2011 8.4% 1.8%
2010 6.8% 1.8%
2009 11.6% 0.84%
2008 14.1% 5.65%
2007 9% 3.66%
2006 9.7% 2.46%
2005 12.7% 2.45%
2004 10.9% 3.59%
2003 13.7% 5.54%
2002 15.8% 7.48%
2001 21.5% 8.38%
2000 20.8% 8.91%
1999 85.7% 6.16%
1998 27.7% 7.89%
1997 14.8% 8.36%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/russia/slovenia | CC BY

Over the past 28 years, Russia has recorded an average annual inflation rate of 13.4%, compared with 3.71% in Slovenia. In 2024, inflation was 8.4% in Russia and 1.97% in Slovenia.

Top exports between countries

Russia
Export category Export value
Miscellaneous $139M
Raw materials & minerals $110M
Business & finance services $74M
Chemicals & pharma $45.4M
Metals $21.4M
Wood & paper products $10.5M
Transport & tourism services $6.08M
Textiles & consumer goods $5.56M
Machinery & equipment $5.32M
IT & IP services $4.66M
Slovenia
Export category Export value
Chemicals & pharma $1B
Machinery & equipment $171M
Transport & tourism services $64.3M
Processed food, beverages & tobacco $34.2M
Metals $25.4M
Textiles & consumer goods $24.7M
Business & finance services $20.5M
Manufacturing & construction services $12.9M
IT & IP services $8.11M
Wood & paper products $5.29M

Balance of trade

Russia Slovenia
Current account balance
$63.4B
2024
$3.32B
2024
Current account balance ranking
12/190
2024
37/190
2024
Current account balance, % of GDP
+2.91%
2024
+4.55%
2024
Goods imports
$302B
2024
$45.2B
2024
Goods exports
$434B
2024
$45.6B
2024
Service imports
$81.5B
2024
$9.52B
2024
Service exports
$43.1B
2024
$13.6B
2024
Imports of goods and services, % of GDP
17.6%
2024
74.7%
2024
Exports of goods and services, % of GDP
21.9%
2024
80.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Russia Slovenia
Economic freedom 50.3 69.7
Economic freedom ranking 161/197 40/197
Property rights 18.6 87.6
Government integrity 22.8 66.1
Judicial effectiveness 22.8 91.6
Tax burden 81.9 55.5
Government spending 61.3 34.1
Fiscal health 94.4 83.5
Business freedom 51.4 78.7
Labor freedom 59.1 62.7
Monetary freedom 61.8 77.5
Trade freedom 69.4 79.4
Investment freedom 30 70
Financial freedom 30 50

Economic freedom comparison by year

Russia
Slovenia
1x
Year Economic freedom index
Russia Slovenia
2026 50.3 69.7
2025 51.6 68.3
2024 52 65.9
2023 53.8 68.5
2022 56.1 70.5
2021 61.5 68.3
2020 61 67.8
2019 58.9 65.5
2018 58.2 64.8
2017 57.1 59.2
2016 50.6 60.6
2015 52.1 60.3
2014 51.9 62.7
2013 51.1 61.7
2012 50.5 62.9
2011 50.5 64.6
2010 50.3 64.7
2009 50.8 62.9
2008 49.8 60.2
2007 52.2 59.6
2006 52.4 61.9
2005 51.3 59.6
2004 52.8 59.2
2003 50.8 57.7
2002 48.7 57.8
2001 49.8 61.8
2000 51.8 58.3
1999 54.5 61.3
1998 52.8 60.7
1997 48.6 55.6
1996 51.6 50.4
1995 51.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/russia/slovenia | CC BY

The Economic Freedom Index for Russia is 50.3, ranking 161/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Russia Slovenia
Services, % of GDP
57.5%
2024
57.9%
2024
Industry, % of GDP
30.7%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.74%
2024
1.54%
2024
GNI, Atlas method
$2.24T
2024
$67.6B
2024
GNI per capita, PPP
$46,780
2024
$56,520
2024
Total reserves including gold
$597B
2023
$2.83B
2024
Total reserves ranking
6/177
2023
118/177
2024
Net foreign direct investment
$9.37B
2024
-$405M
2024
Net inflows of foreign direct investment
-$9.35B
2024
$1.87B
2024
Net outflows of foreign direct investment
-$170M
2024
$1.46B
2024
Servicing debt to the IMF, % of GNI
2.65%
2024
n/a
Poverty at national poverty lines
12.1%
2020
12.7%
2022
Gross capital formation, % of GDP
26.3%
2024
21.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/russia/slovenia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.